Lenovo had its best financial year in the 2020/2021 period with record-breaking revenue and profit figures. The Chinese computer manufacturer crossed the $60 billion revenue mark in the fourth quarter of 2020, showing that the company is on the right track.
ALSO READ
Lenovo Pad Pro 2021 Teased With 90Hz OLED Screen and Top Specs
Lenovo Group managed to increase its revenue by 48% compared to last year, which was an impressive gain of $15.6 billion. There was a staggering 392% increase in pre-tax profits and a 512% surge in profits after tax, which is a groundbreaking record.
According to Lenovo’s Chairman and CEO, Yuanging Yang, the company has delivered its best financial year in almost a decade. Thanks to this performance, Lenovo’s shareholders are expected to gain bountiful returns on their investments this year. These shareholders will get a dividend of $0.0309 per share for the 2020/2021 fiscal year.
This exponential growth was a result of strong contributions from various segments of the company including laptops, tablets, cloud services, smartphones, and others. The Lenovo Group showed a solid performance in markets such as Europe, North America, and Asia, indicating a strong global presence.
The company plans to continue leveraging its strong global presence to make the most of existing opportunities and continue growing as a company to sustain this performance.
